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Posts Tagged ‘TradeUpdate’

Turkey Strengthens Global Trade Outlook with $2.7 Billion in Steel and Non-Ferrous Metals Exports

Global Trade, News, Turkey

June 26, 2025

 Turkey’s steel and non-ferrous metals industries are making a strong contribution to the country’s international trade performance, achieving a combined $2.7 billion in exports in May 2025. These sectors accounted for 12.7% of Turkey’s total exports for the month, reinforcing their importance to the country’s export-driven economy, according to the Mediterranean Exporter Associations (ADMIB).   […]

Australia Strengthens Global Trade Position with Record Sheep Prices and Export Growth

Agricultural Trade, Australia, News

June 26, 2025

Australia’s sheep meat industry is experiencing a remarkable upswing, driven by record-high prices and surging global demand for lamb and mutton. As the world’s leading exporter of sheep meat, Australia is capitalizing on expanding international markets and a strong domestic supply chain.   Recent trade data shows that Australian exports of lamb, mutton, and goat […]

Nigeria and Brazil Sign $1 Billion Bilateral Deal to Strengthen Agricultural Development and Trade

Agricultural Trade, Brazil, News, Nigeria

June 26, 2025

Nigeria and Brazil have formalized a landmark $1 billion cooperation agreement aimed at advancing agricultural productivity, food security, energy initiatives, and strategic development in Nigeria. The agreement marks a significant step toward enhancing bilateral trade and investment between two leading emerging economies.   Signed during Brazilian Vice President Geraldo Alckmin’s visit to Abuja, the deal […]

United Kingdom Joins WTO’s Alternative Trade Dispute Mechanism to Reinforce Rules-Based Trade

News, Trade Agreements, United Kingdom

June 25, 2025

The United Kingdom has officially joined the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), a vital mechanism created to maintain the effectiveness of the World Trade Organization’s (WTO) trade dispute resolution system.   This move underlines the UK’s commitment to a transparent, stable, and rules-based international trade environment—especially important in the face of rising protectionism and […]

UK Foreign Minister Travels to China to Strengthen Trade and Economic Relations

International Trade, News, United Kingdom

October 17, 2024

In a significant move to enhance economic ties, the UK is sending a high-level government official to China this week. The visit aims to deepen trade cooperation and foster stronger economic connections between the two nations, highlighting a strategic and pragmatic approach by the newly elected government.   The two-day trip will include important discussions […]

Uzbekistan’s Plum Exports Reach $24.3 Million, Strengthening Global Trade Relations

Agricultural Trade, News, Uzbekistan

October 1, 2024

Uzbekistan’s plum exports have surged this year, with revenues reaching $24.3 million between January and August 2024. This marks a $4.1 million increase compared to the same period last year, showcasing the country’s growing influence in global trade. According to the Uzbekistan Statistics Agency, 30.1 thousand tons of plums were exported to 12 countries, highlighting […]

Smartphone Exports Propel India as Top Product Exporter to the U.S.

India, International Trade, News

September 30, 2024

India’s smartphone exports have emerged as the country’s leading product export to the United States, surpassing traditional sectors like diamond exports. This significant milestone highlights India’s expanding role in the global technology trade and showcases the country’s commitment to enhancing its manufacturing capabilities.   The trend began earlier this year when smartphone exports reached impressive […]

Vietnam Becomes Top ASEAN Exporter to EU, Boosted by Trade Agreement

International Trade, News, Vietnam

August 2, 2024

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years.   The phased reduction of import […]

India Expands Export Channels to Maldives with New Port Approvals

India, International Trade, News

August 2, 2024

In a significant development aimed at strengthening trade relations, the Indian government has announced that essential commodities previously subject to restrictions can now be exported to the Maldives from Kandla and Vishakhapatnam ports. This update, applicable for the financial year 2024-25, brings the total number of ports authorized for these exports to six. The Directorate […]

South Africa’s Strategy for Economic Growth Focuses on Manufacturing and Export Expansion

Economic Development, News, South Africa

August 1, 2024

Deputy Minister of Trade, Industry, and Competition, Andrew Whitfield, has emphasized the critical importance of manufacturing and export expansion for South Africa’s economic development. Speaking during a recent Budget Vote debate in the National Council of Provinces (NCOP), Whitfield highlighted the need for a manufacturing-centered approach to enhance economic stability and job creation. Whitfield outlined […]

Policies to Expand Foreign Trade Boost Competitiveness

China, International Trade, News

August 1, 2024

As external demand and supportive policies improve, China’s trade in goods reached a new high in the first half of 2024, with overall foreign trade exceeding 21 trillion yuan ($2.9 trillion), and export growth in June of 10.7 percent year-on-year, exceeding all expectations.   The improving external demand and accelerated development of new business forms […]

Ghana’s Trade Surplus Expands in First Half of 2024, Boosted by Gold Exports

Africa, International Trade, News

July 29, 2024

The International Trade Council reports that Ghana’s trade surplus grew significantly in the first half of 2024, driven primarily by a substantial rise in gold export revenue. This increase helped mitigate the effects of a decline in cocoa income.   Ghana’s trade surplus increased by 12.5% from the previous year, reaching $1.8 billion. Total exports […]

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